Visa Inc. (V) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 31.63B | 35B | 37.77B | 38.4B | 32.93B | 32.62B | 34.03B | 31.04B | 32.77B | 32.73B | 33.53B | 31.67B | 28.66B | 27.86B | 30.2B | 28.97B | 24.09B | 25.91B | 27.61B | 28.04B |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | 26.59 | 26.83 | 25.93 | 25.22 | 24.9 | 24.92 | 24.31 | 24.5 | 24.77 | 25.56 | 24.43 | 24.67 | 23.87 | 23.96 | 23.87 | 25.99 | 26.93 | 26.95 | 26.79 | 27.04 |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 14.31B | 15.37B | 11.45B | 11.52B | 12.22B | 12.02B | 10.65B | 9.75B | 9.24B | 9.11B | 8.93B | 8.18B | 8B | 7.5B | 5.06B | 5.07B | 4.5B | 4.76B | 4.51B | 4.44B |
| Total Non-Current Assets | 63.42B | 61.82B | 61.86B | 61.63B | 59.92B | 59.27B | 60.48B | 60B | 59.62B | 58.68B | 56.97B | 57.56B | 58.1B | 57.53B | 55.3B | 56.44B | 57.72B | 56.02B | 55.29B | 54.63B |
| Property, Plant & Equipment | 4.78B | 4.28B | 4.24B | 4.14B | 4.02B | 3.97B | 3.82B | 3.77B | 3.63B | 3.47B | 3.42B | 3.37B | 3.36B | 3.24B | 3.22B | 3.15B | 3.12B | 2.91B | 2.71B | 2.71B |
| Fixed Asset Turnover | 2.48x | 2.56x | 2.56x | 2.49x | 2.40x | 2.44x | 2.53x | 2.41x | 2.47x | 2.50x | 2.53x | 2.41x | 2.42x | 2.46x | 2.45x | 2.32x | 2.39x | 2.51x | 2.42x | 2.27x |
| Goodwill | 20.89B | 19.89B | 19.88B | 19.88B | 19.64B | 19.55B | 18.94B | 18.82B | 18.84B | 18.12B | 18B | 18.08B | 18.08B | 18.02B | 17.79B | 17.98B | 18.14B | 16.55B | 15.96B | 16.02B |
| Intangible Assets | 27.75B | 27.66B | 27.65B | 27.66B | 26.41B | 25.89B | 26.89B | 26.24B | 26.38B | 26.74B | 26.1B | 26.58B | 26.57B | 26.31B | 25.07B | 26.09B | 27.01B | 27.27B | 27.66B | 28.02B |
| Long-Term Investments | 308M | 484M | 999M | 1.2B | 1.47B | 1.76B | 2.54B | 3.04B | 3.09B | 2.81B | 1.92B | 2.12B | 2.84B | 2.73B | 2.14B | 2.24B | 2.3B | 2.09B | 1.71B | 1.11B |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 95.05B | 96.81B | 99.63B | 100.02B | 92.85B | 91.89B | 94.51B | 91.04B | 92.4B | 91.41B | 90.5B | 89.23B | 86.75B | 85.39B | 85.5B | 85.41B | 81.81B | 81.93B | 82.9B | 82.67B |
| Asset Turnover | 0.12x | 0.11x | 0.11x | 0.11x | 0.10x | 0.10x | 0.10x | 0.10x | 0.10x | 0.09x | 0.10x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.08x | 0.08x |
| Asset Growth % | 2.37% | 5.36% | 5.41% | 9.87% | 0.49% | 0.52% | 4.43% | 2.02% | 6.51% | 7.05% | 5.85% | 4.48% | 6.05% | 4.22% | 3.14% | 3.31% | 2.01% | 1.87% | 2.44% | 6.15% |
| Total Current Liabilities | 29.08B | 31.49B | 35.05B | 34.43B | 30.38B | 29.09B | 26.52B | 22.61B | 23.44B | 22.63B | 23.1B | 21.23B | 19.1B | 19.35B | 20.85B | 20.31B | 18.7B | 18.57B | 15.74B | 14.02B |
| Accounts Payable | 557M | 433M | 555M | 462M | 421M | 405M | 479M | 331M | 338M | 348M | 375M | 281M | 280M | 258M | 340M | 228M | 182M | 252M | 266M | 172M |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 1.56B | 1.59B | 5.57B | 5.55B | 3.95B | 3.93B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.25B | 3.25B | 3.55B | 3.25B | 999M | 0 |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 26.96B | 29.47B | 28.92B | 28.42B | 21.02B | 24.76B | 14.14B | 21.03B | 22.04B | 21.47B | 19.72B | 19.73B | 17.82B | 18.36B | 16.54B | 15.73B | 14.1B | 14.34B | 8.71B | 12.11B |
| Current Ratio | 1.09x | 1.11x | 1.08x | 1.12x | 1.08x | 1.12x | 1.28x | 1.37x | 1.40x | 1.45x | 1.45x | 1.49x | 1.50x | 1.44x | 1.45x | 1.43x | 1.29x | 1.40x | 1.75x | 2.00x |
| Quick Ratio | 1.09x | 1.11x | 1.08x | 1.12x | 1.08x | 1.12x | 1.28x | 1.37x | 1.40x | 1.45x | 1.45x | 1.49x | 1.50x | 1.44x | 1.45x | 1.43x | 1.29x | 1.40x | 1.75x | 2.00x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 30.31B | 26.55B | 26.67B | 26.93B | 24.44B | 24.5B | 28.86B | 28.7B | 28.47B | 29.04B | 28.67B | 29.02B | 29.09B | 29.11B | 29.07B | 29.62B | 27.12B | 27.17B | 29.57B | 30.86B |
| Long-Term Debt | 22.42B | 19.59B | 19.6B | 19.59B | 16.81B | 16.68B | 20.84B | 20.6B | 20.6B | 20.7B | 20.46B | 20.56B | 20.61B | 20.49B | 20.2B | 20.55B | 17.48B | 17.67B | 19.98B | 21B |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 59.39B | 58.04B | 61.72B | 61.36B | 54.82B | 53.59B | 55.37B | 51.31B | 51.91B | 51.68B | 51.77B | 50.25B | 48.19B | 48.46B | 49.92B | 49.93B | 45.82B | 45.73B | 45.31B | 44.88B |
| Total Debt | 23.98B | 21.18B | 25.17B | 25.14B | 20.76B | 20.61B | 20.84B | 20.6B | 20.6B | 20.7B | 20.46B | 20.56B | 20.61B | 20.49B | 22.45B | 23.8B | 21.03B | 20.92B | 20.98B | 21B |
| Net Debt | 11.57B | 6.42B | 8.01B | 8.05B | 9.03B | 8.24B | 8.86B | 7.66B | 7.61B | 7.11B | 4.18B | 4.97B | 6.76B | 7.15B | 6.76B | 9.75B | 8.73B | 6.2B | 4.49B | 2.96B |
| Debt / Equity | 0.67x | 0.55x | 0.66x | 0.65x | 0.55x | 0.54x | 0.53x | 0.52x | 0.51x | 0.52x | 0.53x | 0.53x | 0.53x | 0.55x | 0.63x | 0.67x | 0.58x | 0.58x | 0.56x | 0.56x |
| Debt / EBITDA | 3.17x | 3.00x | 3.89x | 3.87x | 3.62x | 3.16x | 3.15x | 3.32x | 3.68x | 3.34x | 3.53x | 3.91x | 3.70x | 3.85x | 4.23x | 5.44x | 4.20x | 4.21x | 4.64x | 4.92x |
| Net Debt / EBITDA | 1.53x | 0.91x | 1.24x | 1.24x | 1.57x | 1.26x | 1.34x | 1.23x | 1.36x | 1.15x | 0.72x | 0.95x | 1.21x | 1.35x | 1.27x | 2.23x | 1.74x | 1.25x | 0.99x | 0.69x |
| Interest Coverage | 12.78x | 35.67x | 30.63x | 163.38x | 35.42x | 35.07x | 37.20x | 31.56x | 68.23x | 33.31x | 31.80x | 29.27x | 38.17x | 37.33x | 31.62x | 35.50x | 34.90x | 37.54x | 35.38x | 34.50x |
| Total Equity | 35.66B | 38.78B | 37.91B | 38.66B | 38.03B | 38.3B | 39.14B | 39.73B | 40.48B | 39.73B | 38.73B | 38.98B | 38.56B | 36.92B | 35.58B | 35.48B | 35.99B | 36.19B | 37.59B | 37.79B |
| Equity Growth % | -6.23% | 1.26% | -3.14% | -2.68% | -6.06% | -3.62% | 1.04% | 1.92% | 4.98% | 7.61% | 8.86% | 9.86% | 7.16% | 2.02% | -5.34% | -6.1% | -4.53% | -3.94% | 3.81% | 6.38% |
| Book Value per Share | 18.45 | 20.06 | 19.49 | 19.74 | 19.27 | 19.29 | 19.54 | 19.58 | 19.86 | 19.43 | 18.76 | 18.74 | 18.43 | 17.57 | 16.82 | 16.67 | 16.80 | 16.76 | 17.28 | 17.30 |
| Total Shareholders' Equity | 35.66B | 38.78B | 37.91B | 38.66B | 38.03B | 38.3B | 39.14B | 39.73B | 40.48B | 39.73B | 38.73B | 38.98B | 38.56B | 36.92B | 35.58B | 35.48B | 35.99B | 36.19B | 37.59B | 37.79B |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20.49B | 0 | 0 | 21.98B | 21.81B | 0 | 0 | 0 | 0 | 21.93B | 0 |
| Retained Earnings | 13.12B | 16.02B | 15.11B | 15.96B | 16.52B | 17.44B | 17.29B | 18.58B | 19.35B | 18.42B | 18.04B | 17.91B | 17.61B | 16.4B | 16.12B | 14.96B | 14.65B | 14.61B | 15.35B | 15.29B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 22M | 247M | 124M | 91M | -947M | -1.25B | -412M | -1.11B | -1.17B | -794M | -1.32B | -978M | -990M | -1.26B | -2.37B | -1.27B | -405M | -72M | 436M | 601M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |